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Centre for Social Inclusion and Federalism (CESIF) organized a national seminar to launch its publication – China’s Emergence in Nepal’s Infrastructure: Status, Issues and Challenges and shared key findings of the report for wider civic engagement and discussion.

The book, authored by noted author Amish Raj Mulmi, senior journalist, Anil Giri, co-founder of The Araniko Project Raunab Singh Khatri, CESIF’s Research and Program Coordinator Arpan Gelal and CESIF’s researcher Milan Acharya was launched at the Square Hotel today, reads a statement issued by the CESIF.

The book launch was followed by the discussion on the theme, ‘China’s Emergence in Nepal’s Infrastructure: Status, Issues and Challenges.’

The seminar brought together distinguished panelists—former Economic Development advisor to the Prime Minister of Nepal and (Ret.) Secretary of the Government of Nepal Lal Shanker Ghimire, former Urban Secretary of the Government of Nepal Deependra Nath Sharma, Director of the Center for Governance and Academic Affairs at IIDS Dr Sucheta Pyakuryal, former senior External Affairs Officer at the World Bank, Rajib Upadhya.

The panel was moderated by Research Advisor at CESIF Ajaya Bhadra Khanal.

The discussion brought into account the nexus of corruption that Chinese infrastructure projects had built, their inclination towards party-to-party relations, especially the left political forces, and the need for Nepal’s political and bureaucratic front to work together upon its negotiation techniques, the statement reads.

Vijay Kant Karna, Executive Chair at CESIF, began the seminar by extending his welcome remarks.

“Realizing the lack of comprehensive research on China's involvement in Nepal's infrastructure sector, CESIF conducted research on the said topic, the report of which we are launching today. The report is expected to provide insights into the patterns of Chinese engagement in Nepal's infrastructure. The report also discusses the nexus between the local agents of Chinese contractors and Nepali decision makers,” said Karna.

Author Amish Raj Mulmi presented key findings and analysis of the book.

Mulmi discussed the mechanisms of the Chinese infrastructure engagement in Nepal, and then provided a succinct comparison of the infrastructural investment by China, India and Japan in Nepal, in which he commended Japan’s debt relief practices.

Lal Shanker Ghimire began the discussion by talking about how all aid comes with strings attached.

He reflected that infrastructural funding is no different and must be viewed from that same lens.

Ghimire further said that a lack of proper negotiation has led to some of the unfair deals. This lack of negotiation stems from inferiority complex and lower bargaining capacity of Nepali bureaucrats.

Similarly, Dr Sucheta Pyakuryal mentioned that Nepal is not in a scary position given the status of economic indicators.

However, the political dimension is a thing to reflect upon.

Nepal, as a country, is weak, and thus, commercial projects tend to make a weak state weaker. Therefore, we need to look upon the knots and bolts of our government while dealing with the funded infrastructure projects,’ said Dr Pyakuryal, the statement further reads.

Likewise, Dr Rajib Upadyay provided his opinion on how resources are finite now.

‘The era of cheap money is now over. In particular because of three reasons: firstly, the West is heading towards recession. Secondly, rising global tensions has brought geopolitics into the economic discourse. Thirdly, the defense budget is increasing amongst NATO countries,’ he reflected.

Deependra Nath Sharma, reflected upon the lack of a definite institution to oversee infrastructural governance.

He said that the national planning commission needs to involve itself more. Especially, when projects do not complete in the intended period, there is blame game, and cost overrun, among others.

Sharma opined, ‘There is also a Public Procurement Monitoring office, but is barely monitoring anything. It provides suggestions on dispute, but doesn’t monitor, per se.’ Thus, there is clearly an institutional gap.

Moderator Ajaya Bhadra Khanal summarized the discussion by reflecting that there exists a plethora of aspects of infrastructural development and that Nepal needs to prioritize its national interest while negotiating for infrastructural development deals.

The seminar ended with vibrant participation from audiences for the question-and-answer segment. The event hosted noted diplomats, journalists, former bureaucrats, academicians, former military officials, and researchers.

Centre for Social Inclusion and Federalism (CESIF) Nepal is a not-for- profit, autonomous and independent private research institution serving the public interest, with significant independence from any interest group. Our mission is to help the government create a democratic, secure and just society by making informed and transparent decisions about policies and practices.

Eight people have died of dengue infection in Dharan Sub-Metropolitan City.

Umesh Mehta, Chief of Health Division, said that the deceased are four men and four women.

Mehta said that a 10-year-old boy of Dharan-11 died in the last 24 hours in Dharan.

The child died during the course of treatment on Wednesday.

Earlier, one woman each of Dharan-17 on June 13, Dharan-11 on June 30, Dharan-18 on July 18, Dharan-5 on July 19 and one man each of Dharan-11 on July 18, Dharan-2 on July 23 and Dharan-10 on July 24 died of dengue infection.

BP Koirala Institute of Health Sciences, Dharan has started the treatment by operating a separate dengue hospital after dengue became endemic to Dharan.

Vice-Chancellor Prof. Dr Prahlad Karki said that a separate dengue hospital was brought into operation to facilitate the treatment of patients after Dharan has been overwhelmed by dengue patients.

President Ram Chandra Paudel on Friday authenticated the bill aimed at taking action against loan sharks.

The President’s Office said that President Paudel certified the bill ‘to amend some other Nepal Acts including Civil Code 2080.

President Paudel authenticated the bill endorsed by both the Houses as per Article 113 (2) of the Constitution.

It will get the legal status after it is published in the Nepal gazette.

The Upper House on Thursday unanimously endorsed the bill aimed at taking action against loan sharks. With the National Assembly endorsing a bill ‘to amend some other Nepal Acts including Civil Code 2080’, the passage has been cleared for its authentication from the President.

Tabling the bill, Minister for Law, Justice and Parliamentary Affairs, Dhanraj Gurung said that since the period of the ordinance related to usurious lending has expired, the bill had to be brought as an amendment to some other Nepal Acts to provide the justice of the loan shark victims. 

Following a series of protests from the loan shark victims, the government on May 3 had issued an ordinance to criminalize usurious lending and provide justice to the victimized borrowers. The government also formed an inquiry commission led by Gauri Bahadur Karki to collect complaints from the victims and study them based on the ordinance. The government and the victims on April 1, had reached an agreement to expedite the process to amend the laws to criminalize unscrupulous lending.

Since the ordinance has to be endorsed by the parliament within 60 days, the government tabled the replacement bill at the National Assembly on June 20 and the national assembly passed the bill on June 30.  The replacement bill to the ordinance was supposed to be endorsed from the House of Representatives on July 5. However, as the opposition parties including main opposition CPN(UML) obstructed the parliament against a controversial statement made by Prime Minister Pushpa Kamal Dahal, the bill couldn’t be endorsed.

With the expiry of the ordinance and failure to endorse from the parliament created a legal vacuum in the investigations, the government again tabled the bill at the House of Representatives which endorsed it on July 17. However, National Assembly Chairman Ganesh Prasad Timilsina initially refused to include the bill in the proceedings of the upper house and sought opinion from the Attorney General’s Office.

The bill has taken a significant step by criminalizing the practice of lending money at exorbitant interest rates through unfair transactions. It establishes provisions for imprisonment of up to seven years and imposes fines of up to Rs 70,000 on individuals engaged in such predatory lending practices. This move aims to protect vulnerable borrowers from falling into debt traps and to deter loan sharks from exploiting people in dire financial situations.

In addition to criminalizing predatory lending practices, the bill has defined the forcible transfer of a debtor’s immovable property through threats, violence, or exploitation for debt recovery as an unfair transaction. Furthermore, the bill addresses the issue of exorbitant interest rates by stating that charging interest to the extent that it exceeds the principal amount is punishable. 

The commission has opened its office in Janakpur, the capital of Madhes Province, as it will be easier for the victims to share their problems. Most of the loan shark victims are from districts of the Terai region.  Of the 24,000 complaints received by the Karki commission, majority are from eight districts of Madhesh and Nawalparasi (Susta West). The commission has settled around 1,800 complaints so far and returned 8 bigha of land to victims from lenders.

Two persons died and three others were injured in a car accident on Friday.

District Police Range, Kathmandu deputy speaker Anil Adhikari said that the car (Ba 10 Cha 3546) was heading towards Chitlang from Kathmandu when the incident occurred near Panighat today.

The deceased have been identified as car driver Nawaraj Thokar Tamang (20) and Anil Tamang (45).

The reason behind the accident is yet to be ascertained, police said.

Police said that five persons were traveling in the four-wheeler.

Koshi Province Acting Chief Minister Hikmat Karki said that the CPN-UML is ready to form a new government together with the Nepali Congress.

Karki, who was reinstated after the Supreme Court removed Congress province Parliamentary Party leader Uddhav Thapa from the post of chief minister, took charge as the acting chief minister today.

Speaking to journalists at the Biratnagar Airport this afternoon, he said that the UML will not be the stumbling block for the prosperity of the province.

Karki said that the country’s largest parties—Nepali Congress and CPN-UML—could go together.

“We can go ahead by forming a new government if the Nepali Congress is ready to work with the UML for democracy and good governance. We are open,” he said.

Karki said that discussions are going on for the same.

“We are ready to give the post of chief minister. The party should be ready to give the post of chief minister if it has no majority. But I do not agree with the proposal to change the leadership on the rotation basis,” he said.

Karki said that the UML could also go to the office of the province chief for the formation of a new government by garnering a majority.

Madhya-Pahadi Lokmarga Project Engineer Hari Kumar Pokharel has been arrested on the charge of raping a woman.

District Police Range, Kathmandu deputy speaker Anil Adhikari confirmed the arrest of Pokharel.

A few days ago, a woman of Ramechhap and currently residing in Kathmandu had filed a complaint at Women Cell of the Kalimati Police Beat saying that she was raped by Pokharel.

Based on the same complaint, police apprehended Pokharel.

Police said that they are looking into the case.

The price of gold has dropped by Rs 900 per tola in the domestic market on Friday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 112, 600 per tola today. It was traded at Rs 113, 500 per tola on Thursday.

Meanwhile, tejabi gold is being traded at Rs 112, 050 per tola.

Similarly, the price of silver has dropped by Rs 40 and is being traded at Rs 1,450 per tola today.